Unable to add payout method, country is not in the list

Sometimes hosts have a property in one country, but live in another country. Or they just want to receive payouts to the bank account in another country. But in the payout method form they can't find the country to select as Billing country/region.

E.g. if a host in France wants to add a bank account in Monaco to receive payouts, they don't see Monaco in the list.

Is it possible to add a payout method if the country is missing from the menu? Yes, it is!

Instruction how to add a payout method if the billing country is not listed

*